The hourly pullback has almost completed, while the daily pullback has yet to form, causing short-term fluctuations to revert to smaller levels below the 30-minute level. The 4-hour uptrend is now encountering resistance, with the 2-hour chart forming a death cross above zero. The 1-hour MACD is about to reach zero, the 30-minute MACD has already reached zero, and the 15-minute MACD has fallen below zero, leading to a bearish intraday trend today. Why did MSTR rise on Monday, but BTC didn't? Because it had already risen during the night before and yesterday. BTC bulls' defense is the 4-hour BOLL middle line (108,600). A break below this level would signify the end of the rally and prevent further upward movement, thus invalidating any subsequent daily pullbacks. Conversely, if the 108,600-108,200 range holds, bulls will continue to push the price higher. Therefore, the rebound of the past two or three days has come to an end. Most long positions could have been largely exited yesterday.